Algorhythm Holding's SemiCab announces new master service agreement with Onida Electronics

Fort Lauderdale, FL, May 26, 2026 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (“Algorhythm”) (NASDAQ: RIME), a leading provider of AI-powered logistics solutions, today announced that its subsidiary SMCB Solutions Private Ltd. (“SemiCab”) has signed a new master service agreement (MSA) with MIRC Electronics Ltd. (“Onida Electronics”), an Indian multinational electronics and home appliances manufacturing company that is one of India’s most recognized consumer electronics brands.

Through this agreement, Onida will be able to leverage SemiCab’s technology-enabled freight network across key domestic transportation lanes in India. SemiCab’s growing freight network is designed to improve truck utilization, reduce empty miles, and create more efficient transportation outcomes for all shippers and carriers on the platform. The agreement marks a significant expansion of SemiCab’s footprint in India and reflects growing industry demand for AI-powered freight optimization.

“With surging diesel prices, shippers are under increasing pressure to control logistics costs while maintaining service levels,” said Gary Atkinson, CEO of Algorhythm Holdings. “SemiCab’s platform helps solve both by using AI to orchestrate freight networks more intelligently, reducing waste and improving efficiency across complex supply chains.”

Onida joins a growing roster of enterprise brands that have partnered with SemiCab to streamline their truckload operations and reduce logistics costs. The expansion reflects SemiCab’s continued momentum in India, where the company has recent entered into several contract expansions with enterprise customers and has demonstrated strong year-over-year revenue growth.

With the addition of Onida, SemiCab now actively works with 15 enterprise customers across India.

About SemiCab

SemiCab is a freight technology company building a smarter, more connected way to move goods by treating freight as a complex, interdependent network. Through SemiCab Apex, our AI-driven freight platform, we help enterprises, logistics providers and carriers improve asset utilization, reduce empty miles, strengthen service reliability, lower transportation costs and plan freight more efficiently at scale. 

Built for domestic and long-haul FTL operations, SemiCab enables organizations to move beyond shipment-by-shipment execution toward a coordinated freight system where capacity, demand and execution are planned together, creating better outcomes across lanes, fleets and markets with greater visibility, control and network intelligence.

Media Contact : press@semicab.com

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